Compass Point Maintains Buy on Iris Energy, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Compass Point analyst Chase White maintains a Buy rating on Iris Energy (NASDAQ:IREN) but lowers the price target from $18.5 to $16.
August 30, 2024 | 3:55 pm
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Compass Point analyst Chase White continues to recommend buying Iris Energy (IREN) shares, but has adjusted the price target downwards from $18.5 to $16, indicating a more conservative outlook.
The Buy rating suggests continued confidence in Iris Energy's potential, but the lowered price target reflects a more cautious stance on its near-term valuation. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100